Johnson Controls International plc $JCI Stock Position Raised by Optas LLC

Optas LLC lifted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,466 shares of the company’s stock after buying an additional 123 shares during the period. Optas LLC’s holdings in Johnson Controls International were worth $472,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Ignite Planners LLC bought a new stake in shares of Johnson Controls International during the 2nd quarter valued at about $219,000. Abel Hall LLC bought a new position in Johnson Controls International in the 2nd quarter worth about $226,000. Mirova US LLC grew its position in Johnson Controls International by 69.6% in the 2nd quarter. Mirova US LLC now owns 24,514 shares of the company’s stock worth $2,589,000 after purchasing an additional 10,059 shares during the last quarter. REAP Financial Group LLC grew its position in Johnson Controls International by 18.1% in the 2nd quarter. REAP Financial Group LLC now owns 739 shares of the company’s stock worth $78,000 after purchasing an additional 113 shares during the last quarter. Finally, Sax Wealth Advisors LLC grew its position in Johnson Controls International by 6.0% in the 2nd quarter. Sax Wealth Advisors LLC now owns 13,512 shares of the company’s stock worth $1,427,000 after purchasing an additional 765 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of the sale, the vice president directly owned 139,459 shares of the company’s stock, valued at $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the sale, the vice president directly owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,761 shares of company stock valued at $922,447. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on JCI shares. Robert W. Baird upped their target price on shares of Johnson Controls International from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Morgan Stanley upped their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Royal Bank Of Canada upped their target price on shares of Johnson Controls International from $112.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $109.39.

Johnson Controls International Trading Down 0.7%

Johnson Controls International stock opened at $107.72 on Friday. The firm has a 50 day simple moving average of $106.98 and a 200-day simple moving average of $99.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market capitalization of $70.49 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $112.63.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.06. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. As a group, equities research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International announced that its board has approved a stock repurchase plan on Friday, June 13th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to purchase up to 13.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Johnson Controls International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be paid a dividend of $0.40 per share. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 22nd. Johnson Controls International’s dividend payout ratio (DPR) is currently 47.48%.

About Johnson Controls International

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.